Mirae Asset Global Investments Co. Ltd. Purchases 80,194 Shares of ONEOK, Inc. (NYSE:OKE)

Mirae Asset Global Investments Co. Ltd. lifted its position in ONEOK, Inc. (NYSE:OKE) by 19.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 496,013 shares of the utilities provider’s stock after acquiring an additional 80,194 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.08% of ONEOK worth $50,012,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Groesbeck Investment Management Corp NJ bought a new position in ONEOK during the 4th quarter valued at approximately $2,162,000. Stratos Wealth Advisors LLC increased its position in ONEOK by 7.3% during the 4th quarter. Stratos Wealth Advisors LLC now owns 3,052 shares of the utilities provider’s stock valued at $306,000 after buying an additional 208 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in ONEOK by 1.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 66,465 shares of the utilities provider’s stock valued at $6,673,000 after buying an additional 931 shares in the last quarter. Greenwood Capital Associates LLC increased its position in ONEOK by 9.3% during the 4th quarter. Greenwood Capital Associates LLC now owns 19,405 shares of the utilities provider’s stock valued at $1,948,000 after buying an additional 1,656 shares in the last quarter. Finally, Mather Group LLC. increased its position in ONEOK by 10.1% during the 4th quarter. Mather Group LLC. now owns 5,401 shares of the utilities provider’s stock valued at $542,000 after buying an additional 494 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

NYSE OKE opened at $97.03 on Wednesday. The company has a market capitalization of $56.68 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 3.69 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The business’s fifty day moving average is $104.24 and its 200 day moving average is $97.33. ONEOK, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $118.07.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 4.25%. ONEOK’s dividend payout ratio (DPR) is currently 82.85%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday. UBS Group lifted their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada lifted their target price on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. Scotiabank initiated coverage on ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price for the company. Finally, Barclays lifted their target price on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.92.

ONEOK Company Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.